Sorry but the company is still shrinking.... less revenue and fewer sales of devices. And on devices, the have been discounting them and they launched a new device, yet sales fell almost 30%. It's apparent that those EZ Pass licenses are not converting over to hardware sales as of yet.

Sorry but the company is still shrinking.... less revenue and fewer sales of devices. And on devices, the have been discounting them and they launched a new device, yet sales fell almost 30%. It's apparent that those EZ Pass licenses are not converting over to hardware sales as of yet.

I'll take a smaller company that is profitable and can ramp up over time to a reflection of its former self any day. One of the biggest downfalls of large companies is the inability to shirk to a size suitable for the business that they are fielding when needed and then to expand as needed. Want an example... the us auto makers that had well over grown and over spent their support base. I like the shape bbry is in and will be adding some of these discounted stocks.

So only 200K passports sold and still trying to catch up for shipping them out?

Id love to have better supply quantities, but its not a terrible thing to have some fodder in the pipeline that we are still trying to meet the demand for the passport. Great phone, Great margins on them, and Great to hear that we have such great sell through compared to the Z10 lol

Sorry but the company is still shrinking.... less revenue and fewer sales of devices. And on devices, the have been discounting them and they launched a new device, yet sales fell almost 30%. It's apparent that those EZ Pass licenses are not converting over to hardware sales as of yet.

You have to take the sell-trough point. Most passport were'nt shipped so, not in the figures.
Flush of BBOS inventory (93%) has also been pushed by strong incentives.
Let's see how it goes next Q ... End of fiscal 2015 (Feb).

Cash flow was positive $43 million in the third quarter, while the company had negative cash flow of $36 million in the second quarter. BlackBerry had said it was targeting break-even cash flow by the end of the fiscal year in February 2015.

Colin Gillis, tech analyst at BGC Partners in New York, said BlackBerry Chief Executive Officer John Chen did a good job controlling expenses to boost the company's cash pile.

"The fact that he overachieved by turning cash flow positive this quarter. That's a great milestone," said Gillis. "It gets easier from here."

Excluding, a one-time non-cash debenture charge and restructuring charges, the company reported a profit of 1 cent a share. Analysts polled by Thomson Reuters I/B/E/S expected a loss of 5 cents.

The Waterloo, Ontario-based company reported a net loss of $148 million, or 28 cents a share, in the quarter ended Nov. 29. That compared with a year-earlier loss of $4.4 billion, or $8.37 a share.

BlackBerry launched its long-awaited Classic smartphone on Wednesday, hoping to help win back market share and woo customers still using older versions of its physical keyboard devices. The phone resembles its once wildly popular Bold and Curve handsets. (Reporting by Euan Rocha, Allison Martell, Jeffrey Hodgson and Alastair Sharp; Editing by W Simon and J Benkoe)

@Morgan: what is the approx. bottom we should look at ? (sry to ask that)

I think you are seeing it right now in pre-market, the $ 9.30 - $ 9.40 level is a steal with those numbers. Starting low and rallying is better to me, then starting high and selling off all day. Love the questions so far, the webcast is really interesting stuff. Not happy that less than 200,000 passports included in Q3 though, that's the only black mark on this report, the numbers are solid. Why they didn't see those numbers not making it to Q3 is a disappointment to me but not worth a drop in the price of the stock.

"BlackBerry narrowed its net loss*to $148-million US in its third quarter and did better with adjusted* earnings than expected, as the company pushed ahead with a*turnaround plan aimed at becoming profitable again.

The Waterloo, Ont.-based company's net loss was equivalent to 28*cents per share, compared with a loss of $207 million or 39 cents*per share in the same period a year ago."

I think you are seeing it right now in pre-market, the $ 9.30 - $ 9.40 level is a steal with those numbers. Starting low and rallying is better to me, then starting high and selling off all day. Love the questions so far, the webcast is really interesting stuff. Not happy that less than 200,000 passports included in Q3 though, that's the only black mark on this report, the numbers are solid. Why they didn't see those numbers not making it to Q3 is a disappointment to me but not worth a drop in the price of the stock.

This is how I'm seeing it. Imagine 300k were backordered, average price $600. Puts us at $968mil revs, bigger profit...